TYPE OF APPRAISAL REPORTS

SHORT FORM REPORT

We offer a short form report. It is accepted for use where a more exhaustive descriptive report is not necessary. It can be used for bail bonds, uncontested matrimonial, estate or financial planning, gift tax, partnership/corporate buyout or to establish fair market value for sellers or purchasers. It is available for appraisals on small non-complex commercial, industrial & residential properties or vacant land (except subdivision). It is not available for FF & E or goodwill appraisals.

The appraiser’s account of the physical characteristics of the property will be acquired from reliable data sources and either an interior and exterior inspection or drive-by exterior inspection (when interior access is not possible or desirable). The inspections take about half an hour to one hour, depending on the size and complexity of the building.

Our short form generally consists of a letter of transmittal; brief neighborhood analysis; brief description of the site; brief description of any improvements; direct sales comparison approach; reconciliation; definition of market value; certification; contingent & limiting conditions; exterior photos of the property in question; exterior photos of all comparable sales used; comparable sales location map and qualifications of the appraiser and reviewer.

This is our least expensive product.

FORM APPRAISAL REPORT

We offer a form report. It is accepted for use where a more narrative report is not necessary and cost may be an issue. It can be used for most situations where a narrative appraisal is accepted. It is available for appraisals on most commercial, industrial & residential properties. It is not available for FF & E or goodwill appraisals.

The appraiser’s account of the physical characteristics of the property will be acquired from reliable 3^rd party data sources with an interior and exterior inspection of the subject property. The inspections will take about an hour to three hours, depending on the size and complexity of the building.

Our form report generally consists of a letter of transmittal; brief neighborhood analysis; brief description of the site; brief description of any improvements; a full replacement cost value; direct sales comparison approach; a full income approach to value; reconciliation; definition of market value; certification; contingent & limiting conditions; interior and exterior photos of the property in question; exterior photos of all comparable sales used; comparable sales location map; any required addenda and the qualifications of the appraiser.

This is our most competitively priced product.

BRIEF NARRATIVE APPRAISAL REPORT

Our brief narrative appraisal report is intended for any type of commercial, industrial or residential property or vacant land (except sub-division). It is used for formal certiorari tax appeals, condemnation, contested matrimonial or any situation relating to small non-complex commercial property, industrial property or vacant land in which court testimony is relevant. It is also used for FF & E and goodwill appraisals.

The appraiser’s account of the physical characteristics of the property and comparables will be obtained from reliable data sources, as well as a thorough interior and exterior inspection. The inspection usually takes in between one hour to two hours, depending on the size and complexity of the building.

Our brief narrative appraisal report is a “summary” report which generally consists of a letter of transmittal; summary of important conclusions, regional analysis, neighborhood analysis; description of the site; description of the improvements; highest and best use analysis; zoning analysis; tax analysis; statement of ownership; property rights appraised; scope of the appraisal; cost approach; income approach; direct sales comparison approach utilizing comparable sales on the comparison grid; reconciliation; description of the appraisal process, definition of market value; certification; contingent & limiting conditions; necessary addendum; interior and exterior photos of the subject property; exterior photos of all comparable sales used; comparable sales location map; sketch of subject property showing layout; flood map if in print and qualifications of the appraiser and reviewer.

This is our most requested product.

FULL NARRATIVE APPRAISAL REPORT

Our full narrative appraisal report is designed for any type of commercial, industrial & residential property or vacant land including sub-division as well as FF & E or goodwill assignments. It is used extensively by local city, county, state governments, municipal agencies, federal entities, lenders and lawyers when more verification of data and more in-depth documentation is required. It is also used for formal certiorari tax appeals, condemnation, contested matrimonial or any situation involving complex commercial property, industrial, residential property or vacant land as well as FF & E or goodwill assignments in which court testimony is relevant.

The appraiser’s account of the physical characteristics of the property and comparables will be obtained from reliable data sources and verified, as well as a thorough interior and exterior inspection. The inspection usually takes from one hour to several days, depending on the size and complexity of the structure or the assignment.

A full narrative appraisal report may be a “self contained” or an “in-depth” summary report which typically consists of a letter of transmittal; summary of important conclusions, regional analysis, neighborhood analysis; description of the site; description of the improvements; highest and best use analysis; zoning analysis; tax analysis; statement of ownership; property rights appraised; scope of the appraisal; cost approach; income approach; direct sales comparison approach utilizing comparable sales on the comparison grid; reconciliation; description of the appraisal process, definition of market value; certification; contingent & limiting conditions; necessary addendum; interior and exterior photos of the subject property; exterior photos of all comparable sales used; comparable sales location map; sketch of subject property showing layout; flood map if in print and credentials of the appraiser and reviewer.

This is our most expensive product.